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Tips for Selling a House in Poor Condition or Bad Shape

Selling a House in Bad Condition

Foundation cracks. Leaking roofs. Dangerous plumbing or wiring. Outdated HVAC systems. Lead or asbestos materials. If your house has substantial problems—whether aesthetic or structural—selling it on the open market is going to be a long, expensive, and possibly impossible process. Most buyers on the traditional market today are not willing to invest additional time, money, and frustration in a house requiring a prolonged repair process just to make it habitable.

In addition, buyers’ agents will actively attempt to undercut your asking price if they perceive such problems. This is particularly true in Southern California, where the real estate market is especially competitive and the standards for most home-buyers are above the national average.

For these reasons, one of the simplest solutions to sell a house that is in bad condition and still get the best value for it is to work with an experienced, accredited as-is buyer, like Seller’s Advantage. But if you do want to first consider trying to sell it on the traditional market, here are some important points to keep in mind.

Sell a house in bad or poor shap

Selling a house in poor condition

If you have decided to sell your house and you know that it has some problems that go beyond mere cosmetic fixes and cleaning, make sure that you take the time to get several competitive quotes from contractors so you can work up a cost-benefit analysis to determine whether or not it is a good idea to go head with repairs. Make sure that the contractors fully inspect the property and try to work with a range of different sized companies.

Be aware that selling a house that requires work to bring it up to code or make it livable can often require a significant investment of time, money, and frustration. It will also likely require obtaining additional local permits and undergoing additional inspections. Renovation loans can help cover the costs of these added expenses, but they have a major negative impact on the final bottom-line value that you end up getting for the house.

Research your local real estate market and make certain that you are comparing your property to others that are in an equivalent state of disrepair. Do not make the mistake of trying to assess the value of your home based on comparisons with properties that are in significantly better condition. This can give you a skewed and potentially misleading understanding of the house’s real value. Bear in mind, also, that if there are comparable homes in your area that do not require additional work, you will have a much harder time selling your house for a satisfactory price.

selling a home AS-IS in California
selling a home AS-IS in California

Keep in mind your own objectives as a seller. Are you looking to get the most money possible? To get the house off your hands as soon as possible? Be cognizant, though, that buyers will have their own objectives, and buying a house in as-is condition might not be one of them. Familiarize yourself fully with the problems from which the property suffers and the cost and nature of the repairs those problems require. This will allow you to anticipate potential objections from buyers.

Selling a house in bad shape come with inherent problems

Selling a house is never easy, and selling a house that is in poor shape increases exponentially the number of problems and challenges that you will face. Be prepared to encounter some of the following problems that are particular to selling properties in disrepair:

• Depreciated Value: Probably the most important and difficult problem accompanying selling a house in poor shape is accepting the fact that you are going to end up in a weaker bargaining position with buyers and their agents. If your property is of low quality, it is going to earn fewer bids—perhaps even just one offer, if any at all—which means that your hands might be tied when it comes to deciding on the price.

• Realtor Reluctance: Real estate agents earn their income as a percentage commission from the sale of properties that they represent. For this reason, most realtors are incentivized to sell properties that are in good condition or that can realize a price that best rewards them for their time marketing it. If you are selling a house that needs major work, be prepared for real estate agents to show hesitancy about taking on your sale or to devote a bare minimum of time in helping you through the process of selling.

• Delay After Delay: If you have ever had work done on your house, you probably know the old adage that you should expect it to take twice as long and cost twice as much as you originally expected. The additional cost is bad enough, but the increased amount of time before you can sell the property is also especially risky. The real estate market moves fast—particularly in Southern California—which means that buyers are not going to wait around for you to finish work that needs to be done.

When it comes to selling a house in bad shape, spending time means likely losing (more) money. Unfortunately, if you choose not to have work done and simply sell the house “as-is”, you are also going to have to be prepared for delays: properties that are listed “as-is” take, on average, six months to a year longer to sell than comparable properties that are in good condition.

What determines that a house is in bad condition?

There are some repairs that can be done to a house to help it sell and that are relatively quick, cheap, and easy. Often these are fixes that owners can make themselves, or even simply cleaning, replacing broken windows, repainting, changing carpets, and so forth. But other problems go beyond mere do-it-yourself projects and require contracting with licensed, insured professionals. The following are some of the more substantial problems that indicate that a house is suffering from poor conditions:

  • Roof replacement or repair. An old or damaged roof, including underlayment and flashing, can lead to water damage, which itself can lead to additional structural damage.
  • Electrical wiring. Old or bad wiring is a major safety hazard and can also be a fire hazard.
  • Visible structural damage. Events such as flooding, fire, earthquakes, etc. can produce visible cracks, holes, and other forms of damage to load-bearing walls, floors, foundations, and roofs.
  • Plumbing. Pipes that are made of lead or other toxic materials must be remove, and older pipes are at risk of bursting and introducing water damage and mold growth into the property.
  • Foundation damage. If the foundation needs repairs, a house may need jacking and piering—a costly and major process.

Evaluating the condition of the property

Often you can tell from a simple visual inspection if your house is in need of a major repair. Some problems, however, might not be immediately visible; this includes some problems that can be particularly dangerous, and costly. Seek out the services of two or three experienced, licensed inspection professionals and arrange to have them tour your property at different times. Make sure that they check the basement or crawl space, the attic and roof, any chimneys, and any structures that are part of the property but not the house itself.

You can then use these inspection reports to get competing quotes from contractors for the cost of the work that needs to be done. Your goal is to get as complete a picture as possible so you can be in a good position to draw up your cost-benefit analysis.

Be ready for buyer objections

If, after going through the inspection process and getting quotes from contractors, you decide to sell your house “as-is”, use the inspection reports to prepare for the specific complaints that buyers may have about the property. Use the contractors’ quotes to prepare for the monetary value that those complaints will cost you.

All in all, then, selling a house that suffers from poor conditions is expensive, risky, and slow. Fortunately, if you want to get the best possible price for your house, there is an excellent option. Seller’s Advantage can provide a quick, hassle-free cash offer for your house, without prolonged and costly negotiations for repairs, and you can close in just ten to fourteen days in Los Angeles, Ventura, Costa Mesa and Riverside. The process is simple and starts by just filling out the Seller’s Advantage online form for a free, no-obligation quote. You’ll hear back with the next steps to get your estimate, and eventually your offer, within 24 hours.

Selling vs. Renting Your Property: Challenges of Being a Landlord

While many people believe that being a landlord is an easy way to make some extra money, it isn’t always simple. You won’t just be sitting around and collecting rent money every month. In fact, it can be a lot of work, especially with some places.

Here are some challenges that you may face as a landlord.

Choosing the wrong place can really make or break the experience. Some places are great for rentals while others are not. Older homes, though beautiful and great in their own way are not the best places for rentals. Whether or not you remodel them, it seems like there is always something that needs to be fixed.

Older homes are going to need new roofs, pipes may break, and you may have to replace some appliances and even hardware (like doorknobs and sinks) that quits working properly. If you do end up remodeling, you could be spending a lot of money to fix it up. You may or may not be able to make up this cost with the monthly rental fee.

In fact, if you pay too much for your property, it might be too stressful for you. Most people either rent out their own home when they decide to move somewhere else or they buy a single family home or a small duplex to start making money through real estate. If you are renting out your current home, most likely you still have a mortgage to pay on it. If you buy another single family home or small duplex, you are also going to have a mortgage payment.

Because of this, you have to charge a certain amount of money for rent every month. It has to cover the cost of your mortgage. There are times when your mortgage payment is so high that you can’t really get anything more than that from your tenant.

You also have to think about when the unit is empty. You have to have some extra money to cover the months where your rental is sitting empty, whether you are remodeling or you are just trying to find someone to fill it! Even one or two months without a tenant in your unit can really set you back money-wise.

Choosing the wrong tenants can really hurt your experience. Bad tenants don’t always pay on time. You could end up spending a lot of your valuable time checking in on tenants who don’t pay. This can really start to become annoying if it is something that you have to do every month.

Bad tenants can also wreck your apartment or home. Not everyone is going to take care of the place like it was their own. Even if they clean it, they might not get upset if they put a hole in the wall or anything similar. Though this is why you should ask for a security deposit to cover the repairs, it can just be messy when you have to clean up and fix it up so it is ready for the next tenant. Doing this on a regular basis can be a lot of extra work for you.

Regular maintenance is important, as well as time-consuming and sometimes costly. Though you might not think about it, you are going to have to maintain the property. It is your job, not your tenants so you could be putting in plenty of work. Not only do you need to make sure that the roof is working, you are going to want to look at the windows, see how the electric and plumbing is working, and much more.

By checking your house or apartment over on a regular basis, you are able to find problems before they become much bigger (and more expensive to fix)!

The phone calls can get to you. Some tenants call very little and others seem to call about every little thing. There can be days when all you do is field phone calls from your tenants who probably have something to complain about! The never-ending phone calls can really get to you.

Many landlords don’t get as much insurance as they need in order to save a little money. However, that can be a big mistake. Besides having insurance for the building itself, you may want to consider landlords insurance and rent guarantee insurance. These will help with personal injury cases and late rent. The more insurance that you can get, the better off you will be in the long run, even if it costs you a little more every month.

You are probably going to have to deal with evictions at some point (if you are dedicated to being a landlord). Not only can they be expensive, they can also take a lot of time. The process doesn’t seem too difficult. All you need to do is file paperwork through the court system and wait for them to leave. However, many tenants get angry. They can trash your home quickly before they leave. Sometimes the cops need to be involved!

Evictions also mean lost income for several months, especially if you have to make costly repairs to fix the unit back up.

In the case of a lawsuit, the law will usually take the side of the tenant. Tenants have more rights than landlords so it is important to know the rules. There are some things that you can do and others that you can’t. If you ever get into a legal battle, there is a good chance that you will lose.

It can be challenging to be a landlord. Not only do you have to find the perfect place for the right price, but your tenants can also make a difference. To top it all off, you are the only one who can choose who lives there. You could choose wrong and have someone unpleasant to deal with for the next year.

Even worse, you may be trying to save as much money as possible so that you can increase your profits. However, one place that you should never skimp out on is insurance. If you don’t have enough and something happens, you could land in real financial trouble. You may also want to look into rent guarantee insurance to help you when your units are sitting empty.

Contact us if you want your house sold instead of dealing with landlord drama.

Sell Old Homes – Your Guide to Selling Older Houses

Five Reasons Old Homes In Southern California Sell Faster with Our Site

Across Southern California homeowners sit with old homes and they face a dilemma. They do not know what to do with them. Older homes present several challenges that newer homes do not have. They are harder to sell. To get your home sold quickly, without hassle, and for top dollar, our team will work tirelessly to make sure your old home is sold.

Not matter if you have been in the home for years or if you have inherited the old home, our expert team can get you the cash you deserve for your property. Older homes are not marketed and sold like newer homes. Our expert team has the knowledge and drive to make the process easier. Our team gets you the most cash possible.

A Record of Success In Southern California and Across the Country

selling old homes housesSeller’s Advantage has gotten homeowners across the country top dollar for their old homes. Our talented team operates out of three locations. We have made selling old homes easier than ever from our offices in California. Our original location in Irvine, California near Costa Mesa, Los Angeles and Riverside continues to set the bar for real estate in the area. For years we have helped Southern California home owners receive cash for their old homes.

Southern California is our original bread and butter, and the region comes with unique challenges that homeowners in other areas might not face. Our team provides expert knowledge to any real estate situation. We know how to get the job done when selling old homes in the Southern California market. Our easy to use website https://www.sellersadvantage.com/ makes getting cash for older homes easier than ever, and there are several reasons why homeowners benefit from our site.

 

 1. We Specialize in Buying Old Homes

Our At rating from the Better Business Bureau wouldn’t have happened if we couldn’t back up our claims. We no doubt specialize in selling old homes. Customer testimonials located on our website further back up our claims. Our clients praise our processes, and they also praise our team members.

2. Older Homes Sell Faster with Our Approach

Our six step process makes selling your old home a fast, worry free process. Call our team or fill out an online form first. Then we will have a call specifically about your needs. From there we call back with further progress and updates. After this call a meeting will occur at the property, where a proposal is presented. You are under no pressure to accept the proposal. When you accept the offer, we then move on to a review of your offer. The last step is acceptance of the offer resulting in cash for your old home.

3. Worry Less about Mold and Termites

Mold picks away at wood in old homes, and termites now have an even more abundant food source. Mold not only makes the wood tastier for termites; it also encourages termite infestation. Mold removal can cost thousands of dollars. It is even more expensive in older homes. Once you add to that the cost of removing termites, it becomes even pricier.

We take the worry out dealing with harmful molds and pesky pests. We also take addressing the cause of mold out of your hands. The mold came from water somewhere in your home. Fixing water issues in an older home can be harder to identify and harder to fix. You don’t just encounter the costs related to the mold and the termites. You also encounter the costs to identify, remove and prevent future issues that bred the mold and termites.

4. Don’t Stress Selling Homes with Mold

All those issues that caused mold and resulted from mold can make selling the home more complicated. It is not just the process of taking care of the mold issues that becomes stressful. Homes with mold histories will be examined more closely by prospective buyers. They also go through more scrutiny by inspectors. Remove yourself from the hassle of selling homes with mold.

You appreciate the fact that you inherited that family home, but you did not want to inherit the headaches associated with mold. At Seller’s Advantage we have purchased more than 10,000 thousand homes. Homes with mold issues are no exception. Let us handle the unique needs of your old home. Within 24 hours or just a few days you can receive cash for your old home.

5. We Take the Ugly Out of Old

We don’t just purchase homes and turn around to sell them. We also take great pride in the work our renovation team does on old homes that some might consider ugly or unmarketable. It’s one of the features of our company that customers love. Our renovation team will work hard to ensure that “eyesore” homes get top dollar offers.

A lot of cash for home companies simply buy and sell. We know that we can get you even more money for your property. Leave it to us to apply the extra elbow grease. Once our renovation teams finishes the job, you might be tempted to keep that home! Don’t worry. We will get you that top dollar offer that you can use toward your dream home or some other financial goal.

 

Old Home needing a sale and repairsAt Seller’s Advantage we have just the right know how to get you cash for your old home. Above we laid out five reasons as to why you should choose our company to handle your real estate needs. Since 2007 we have purchased more than 10,000 homes. We have a proven track record, and we look forward to making your worries go away. We look forward to getting you cash for your old home within 24 hours or in a matter of days!

Contact Us Today!

Our top-notch team is super easy to reach. Visit us online right away to get the ball rolling! Once your reach our respected and safe website, you will submit the address of your old home and be directed to an easy to fill out contact form. Don’t worry. We maintain your privacy. We do not sell your information.

The contact form will ask for your first and last name. You will then provide your phone number and email. But we just don’t want your contact information, we also want to know how you heard about us. We would love for you to also share information on your home. Once you have filled everything out, we will call you as fast as possible to get the process moving along even quicker.

24 Hours A Day and Seven Days A Week

Are you the type of person that prefers to pick up the phone to handle business right off the bat? We have you covered there, too. 24 hours a day and seven days a week our team can be reached through our toll-free number at 1-800-208-3243.

We’ve told you all about our amazing services, and we’ve let you know about our history of success. We’ve also laid out five pretty strong reasons to consider our approach over traditional approaches to selling real estate. If you still are not convinced, we encourage you to read through the client testimonials found on our website, SellersAdvantage.com.

Act Now. Get Cash for Your Old Home Today!

What do you have to loose? We have explained the benefits to our approach. We have the record to back it up. Act today. Let’s get the ball rolling on selling your old home. Let’s get you the cash you deserve for that property. Let’s get you the cash today!

Sell a Bad Rental Property in Los Angeles

Selling LA Rental Properties

Owning real estate can be a valuable form of additional income for your family. That’s why most people like the idea of owning rental properties. It always seems like a good idea, but the reality of owning rental property is sometimes worse than the dream.

With rental homes, you have to consider all the things that can go wrong. Nothing is perfect 100% of the time. It’s likely you’ll eventually face some pitfalls with your house. And your real estate investment might end up being the exact opposite of lucrative.

You might decide that your rental isn’t worth the trouble. Especially if the home is in Southern California, where tenant laws often leave landlords at a disadvantage.

It’s important to familiarize yourself with California’s landlord and tenant laws (See Below).

 

Ideally, you’ll do this before the first tenant takes up residence on your property. NOLO is an online resource where you can learn more about your rights as a landlord. You can also learn about tenant’s rights, and how those rights affect you.

 

Overview of Landlord-Tenant Laws in California – NOLO

 

Understanding key California landlord-tenant laws and regulations will help both parties avoid many common legal issues and the need to retain legal council for tenancy solutions. Here is an overview of landlord-tenant laws that are commonly in question by both parties.

California Landlord-Tenant Statues

Citations for California landlord-tenant statues are great sources of information for both tenants and landlords. Congress’s legal research site’s state section offers the statues word-for-word, which can be looked up by statue number or by a keyword.

Are All Rentals Covered By California Landlord-Tenant Laws?

Separate rules apply to certain types of rental units. Floating homes, for example, such as a marina or house boat, and moveable mobile homes, have their own residency laws concerning the landlord-tenant provisions and tenancy.

California Landlord Disclosures

Landlords in California are required by state law to disclose certain information to their tenants at the start of any tenancy. This is usually included in the written rental or lease agreement. The disclosures include information such as the presence of toxic mold exceeding exposure limits and/or posing a health threat to tenants. It also includes servicing details related to gas and electricity going into a rental, including if and how the costs will be allocated when it serves other areas. Notice of registered sex offender database and former state or federal ordnance locations are required discloses, too.

California Security Deposit Limit and Return

While most California lease and rental agreements require a security deposit to cover damages that exceed normal wear and tear of a property, damages, and back-owed rent, state law limits the amount landlords may charge a renter. It also prohibits “non-returnable” security deposits. The maximum security deposit amount is two times rent for unfurnished dwellings and three times rent for furnished dwellings. Security deposits must be returned within 21 days of a renter moving out, and any intended deductions must be made available in writing before being applied.

California Small Claims Lawsuits

Small claims court handles deposits that aren’t returned in accordance with state law and landlords defending a security deposit withholding for damages, cleaning, or unpaid rent. Such lawsuits are capped at $10,000. To avoid dispute, landlords should have a move-out inspection alongside the tenant just prior to and/or after the tenant’s move-out date. At this time, the condition of the unit and contents can be systematically checked off and an itemized list of any intended security deposit deductions can be offered.

California Rent Amount/Payment Rules

Rent-related state laws and rules include late payments, rent increase notifications and limitations, and bad check fees. Landlords must offer tenants suffice notice to raise rent money, and they may file for eviction if a tenant fails to pay rent within at least three days of notice. Late fees must be reasonable and specified in the rental agreement. Do note that several California local governments have rent control ordinances separate from state law.

Rent Withholding In California

Tenants in California are entitled to their rental property being up to housing codes, in good general repair, structurally sound, healthy, and safe. When landlords fail to attend to certain fundamental repairs and maintenance, such as a broken AC unit or leaking roof, tenants have the right to move out without prior notice, call health inspectors and housing authorities, repair themselves and deduct from rent, or withhold rent if the issue causes habitability limitations.

Termination And Eviction Rules For California Landlords

California’s landlord-tenant laws specify when and how a landlord may terminate occupancy. Notice must be given of the issue in the form of an unconditional quit termination or termination for lease violation notice. The landlord would issue, for example, a stop notice or cure notice for impermissible subletting. If desired, this notice may include a three-day prior notice to move out. Only then can the landlord file for eviction

Access To Rental Property By Landlord And Abandoned Property

In California, a landlords’ right to access rental property is restricted. The landlord must provide 24 hours notice to the tenant. For final move-out inspections, 48 hours notice is required. Abandoned property is covered by detailed laws. Landlords must first determine if the property is indeed abandoned, which hinges on if the tenant’s tenancy has been terminated. The abandoned property must be deemed of value or trash, and, if of value, the tenant must be given notification of finding and the landlord’s intention to discard if not collected. Such abandoned property must be stored for at least 15 to 18 days (depending upon method of notification,) but landlords may charge a reasonable storage fee if the tenant doesn’t pick it up within two days.

Landlord Retaliation

California law protects tenants from landlord retaliation for complaints and exercising their legal rights, such as their fair housing rights. It also includes special protections for tenants if they’re victims of domestic violence.

Local Landlord-Tenant Ordinances

As mentioned above, certain California municipalities have landlord-tenant ordinances on a local-by-local level. Such ordinances commonly include rent control, safety and health standards, anti-discrimination rules, noise and disturbance rules, and so forth. So, it’s imperative that landlords and renters know both state and local laws that apply to their specific area. These can be found a number of ways, including the municipality’s website, Municode website, public library, mayor’s office, city attorney’s office, and city/county manager’s office.

Federal Landlord-Tenant Laws And Regulations

In addition to state and local laws, tenants and landlords should be familiar with applicable federal laws regarding property rental. Federal agencies, such as HUD and the EPA, are responsible for applying and enforcing a number of laws regarding the landlord-tenant agreement. These mainly concern landlord responsibilities regarding safety and health, such as landlord obligation to disclose environmental health hazards like lead and mold. These also cover certain discrimination issues. For a full list of U.S. Codes applicable to landlords and tenants, visit the federal section of the Library of Congress’s legal research site and search for US Code and Code of Federal Regulations. They’re organized by title.

 

Selling Bad Rental Property in LA

If you’re interested in selling a Los Angeles bad rental property, then you have a few options.

 

Keep in mind you’ll have to make repairs and get the property in decent shape if you plan to sell it to an individual. But if you sell it to a home buying company like Selelrs Advantage, it’s likely we’ll buy the property “as-is”. Seller’s Advantage will buy the house fast for cash and you’re free of any responsibility.

Most times when you sell your house to a home buying company they will likely:
– Pay closing costs and fees associated with the sell
– Buy the house “as-is” without demanding repairs
– Close on the property on a date of your choosing usually very fast

You’ll undoubtedly have questions about selling your property to us instead of a traditional real estate listing . Speak with the experts at Seller’s Advantage to learn more about how the process works and what to expect. You might decide that selling your property fast to us is a wise decision.

 

 

 

 

We Buy Houses in Southern California for Cash

Are You Looking To Sell Your House Fast?

We can help!

You need a reliable, fast and convenient option to sell your home quickly, and we have everything you need to make that happen. Selling your home shouldn’t be complicated. The thing is, many people don’t want to wait around for their house to sell; they want to sell it quickly. There’s nothing wrong with real estate agents or even online property portals – the problems are that the process is costly, lengthy, and can be very stressful.

We know that it’s challenging to sell your home quickly, which is why we have our own proven method to speed up and simplify the process for homeowners. We buy houses in California for cash! No matter what your reason, we can get you the fast house sale you need to move forward, every day we buy houses in California cities – for cash!

Ways To Sell Your Home

Real Estate Agents

Marketing your property via a real estate agent is one of the most popular ways to sell a house. Usually, an agency will charge you a percentage of the final purchase price, and you’ll also have to pay out solicitor’s fees, too. But that’s not all, you will also have to pay for repairs, staging and closing costs. There’s no guarantee of a sale, and you will still be paying your mortgage payments while you wait, as well as keeping your house in pristine condition as potential buyersr tour your house.

Online Property Portals

You can advertise your home online and reach that large audience, but while you’ll save on the agency fees, you will still have to pay for the fees mentioned above. You also have to take the time to show people around while continuing to make payments on your mortgage as well as property taxes.

With Us!

The best and quickest option is with Sellers Advantage. You need to sell your house fast, and we want to make it simple for you. We buy houses in Southern California cities in any condition and any situation. Whether you have a condo, townhouse, duplex, multi or single-family home, we can buy it from you… and you will have a less stressful time selling your house!

No Repairs, No Commissions, No Closing Costs

When you sell your house for cash with us, you won’t have to worry about fixing it up for buyers. You won’t have to worry about paying commissions to an agent, strangers coming into your house at a moment’s notice, and you won’t have to worry about any closing costs. Our company will pay you cash for your house.  We’ll also make sure your home sale is closed quickly, with fast turnarounds from as little as seven days. This gives you the freedom to move on with your life to bigger and better things!

Learn About Our Process

We have a specific process we follow, and it works a little something like this:

A Fair Cash Offer

Come to us with your house, and we’ll give you a free, no-obligation cash offer.

Your Escrow Date

You can choose your escrow closing date. If you need to do it in seven day or 90 days, that’s fine by us. Let us know the date, and we’ll make it happen.

Price Agreement

Once we’ve reached an agreement on the price, we’ll provide you with a Sellers Contract for you to sign and return to us.

Sign The Paperwork

Next, you’ll get some escrow documents to sign and return. You’ll return the documents, and the next step is the one you’ve been waiting for.

Celebrate!

Once escrow closes, you’ll have the funds that you need to go out and celebrate your home sale. You should be able to sell your home on your own terms, and at Seller’s Advantage we can and WANT to make this happen for you.

Selling Your House Without A Realtor

It can be hard to sell your home if it’s not in the best condition.  Any quality realtor will tell you the importance of sprucing up the place before you sell it. If your house is a little run down, you’ll find it hard to list with a reputable agent. The thing is… there’s us! We can happily take a home in any condition, allowing you to let go of the stress and hassle of finding a buyer at all.

Pros of Selling Your Home with Us

We want you to feel comfortable and know you are in the right place with selling your house for cash, Here are the benefits of using us versus your local realtor:

  • When we buy your house with cash, you can choose your escrow date
  • You get peace of mind that your cash buyer is reliable and wants to buy your home
  • There are no fees, no closing costs, and you won’t have to pay any realtor commissions
  • There are no repairs to do
  • You won’t have cleaning costs
  • You won’t need to move unwanted items; we can do that for you
  • You don’t have to worry about your tenants; we’ll take your unwanted rental

Cons of Selling Your Home with a Realtor

There are many negatives to selling with a realtor, which is why we’re pleased we can provide you with a fantastic alternative. Let’s look at the cons of selling with a realtor:

 

  • You could be waiting months before you close
  • There’s always the risk your buyer will fall out of escrow
  • You’ll have to show people around your home – which is not always convenient
  • You’ll have to pay commissions and closing costs
  • The repairs and cleaning are all up to you
  • You have to evict your tenants

We’re Professional Home Buyers Who Care

The one thing you have to understand about us is that we know how hard it is to sell a house. We have many years of experience and a proven track record; we already know what we’re doing. We will do what we can to ensure that the whole process is a painless and smooth transaction. We are well-versed in buying houses in Southern California and doing it quickly. We’ve got the experience in appraisals, loans, renovating, and buying real estate. We know we can help you to sell your home fast, at a price that is fair and honest.

 

We love doing this for clients, especially when listing your house isn’t an option. When you sell to us, you get our seller guarantee. This is where we will buy your home and work with you to close on your chosen date. Our schedule is there to work with you, making for a smooth and concentrated process.

Buying Your House Fast for Cash

There are plenty of advantages to selling your house fast for cash, and we’re a company with a reputation that we are proud of having. We want to assist you in getting on with your life as soon as possible; all you need to do is the following:

  • Tell Us About Your House
    • We’ll take your information and details about the house to assess the condition of it. We’ll then value it and compare it against other homes in the neighborhood.
  • Get Your Cash Offer
    • You’ll then receive a fair cash offer – this creates a situation that helps everyone win.
  • Make It Simple
    • We want to make the entire process as simple as possible, removing the pressure of the sale and taking away all the worry of a fall out in the middle of the process.
  • Sell Confidently
    • When we agree on the price, your house is guaranteed to sell, and you won’t be out of pocket whatsoever. There aren’t any costs you have to worry about, so unlike other methods of selling your house, you can remain confident it’s a done deal.

 

If you need to sell your house fast, fill out this form or call us at 1-800-208-3243 and let us help!

 

Selling Your Home During a Divorce in Los Angeles

Divorce is an unfortunate way of life that touches more people than you would expect; the sobering truth is that half of the country’s marriages head down this path. Among the chaos and hassles of a changing life comes questions about personnel items and property. Housing will inevitably come up during these trying times; with many going through it lost about how to go forward on selling a house in Los Angeles.

Much like every other American in the same situation, Los Angeles residents going through a divorce often have questions or seek advice during this time. For a majority of proceedings, the house becomes the largest asset among a couple’s possessions and certainly not something both can share equally. Among the stress of an already difficult time, both spouses need to remain calm and think about the right choices for everyone involved. These real estate considerations have a new issue in the mix; a lack of rising home values after the last big drop.

Don’t Do It Alone

Selling a home under even the best conditions can be trying, so imagine the stress of doing it during a divorce. Bringing in someone that knows the real estate game can help both parties navigate the hassles with a clear, unbiased approach to answers. This doesn’t just mean a real estate agent either, cash buyers can also help out as long as they have experience and knowledge of the subject property.

Sometimes, it will be necessary to sell the home quickly and without a lot of additional haggling over the details. In this case, finding a home buying company that can offer fast cash might be the best option. They also ensure a smooth and swift closing without the hiccups that come from complicated contracts.

Figuring Out A Time For The Home Sale

There’s a lot of different variables when it comes to making an as is home sale, especially when considering whether a spouse wants to stay. If one person in the marriage wants to live in the home, the other can think about asking for a buyout of their stake in the property.

In some cases, the presence of children plays a role in what goes on. For situations where a child in involved, one spouse may choose to stay in the home until the child reaches a certain age. A contract or similar legal item is filed stating a sell date usually based on the child’s age or other factors. Setting this up in writing in crucial to making sure the spouse leaves on the agreed upon date and that the sale goes through as planned.

Once a time is set, make sure that all parties involved stay with it. With the busy Los Angeles market, this is especially crucial to having a successful transaction. Set up a meeting with the agent or cash buyer to hammer out all of these details. Once the closing and moving dates are set, don’t change them. Be strict about every date and make sure there are contracts or other legally binding agreements in place that settle any questions that might occur. It might also help to designate one spouse to handle the communications during the entire process.

Making A Quick Sale For A Great Price

home repairsOne of the biggest issues for a divorcing couple is getting a fair price, but also closing the sale as soon as possible. Companies that purchase houses often offer the best solution without the lengthy issues of traditional home buying, allowing the couple to easily sell their home.

Not all home buying companies are the same, it pays to work with one that has a great reputation of buying houses as well as providing a quick and smooth transaction. With a difficult divorce already taking time and energy away from both parties, it needs to be people at the helm who will ensure everything is fair.

The realities of a divorce can be stressful as well as difficult to deal with. Having a good divorce real estate strategy can help remove one the biggest obstacles, selling the home at a fair price without the lengthy frustrations that come with a traditional sale. Look for a company that can do all of that in the Los Angeles area, but make sure they have the credentials and reputation to pull off even the most difficult sales. It’s all about making the most of a situation that half of all marriages will face.

 

Selling A House As Is In California – A How To Guide

Many property sellers in California have been faced with deciding whether or not they will fix up a property before attempting to sell it. The answer to this question will be different for each seller and depend upon a variety of factors.

What Is An As-Is Home Sale

An as-is home sale refers to the physical aspects of a home in most cases. However, there are rare instances when the as-is portion of a property sale agreement will refer to the deed or title of the home being sold. When you sell a home ‘as-is,’ you are declaring there will be no negotiations pertaining to repairs or updates to the property by the owner. It is important to understand that selling a home as-is does not mean there is no responsibility on the part of the seller to disclose facts concerning the home that affect the value and ability of a potential buyer to live in the house.

Examples of facts about a home that must be disclosed are problems with the foundation, issues with the structure of the home, major plumbing problems, the presence of mold, and other environmental threats present in or around the home.

Selling a home as-is in California provides tangible benefits for both the seller and buyer of a property. It is the best alternative for both parties in many situations.

Do Homebuyers Want Fixer-Uppers

There are buyers in the market who feel there are deals to be found when buying homes in need of work. These homebuyers are looking to perform light cosmetic work on the home they purchase. They are not looking to perform major repairs on a home in most cases. There are companies that specialize in purchasing homes with major issues but this does not usually fit the profile of individual buyers.

Should The Owner Make Repairs To The Property

There are times when fixing a home before putting it up for sale will be the most profitable alternative. However, this option will sometimes require a great investment in time and money. You may also need a bit of experience to pull off this option so make sure you are able to meet the challenges before choosing to do so.

You may be able to check out the homes listed for sale in your area to give you a hint of what would need to be done to your home to receive the full retail value of the house. Look at the condition of the homes on the market and determine how long the owner has waited for a buyer. Also, compute the time and cost necessary to improve your home to the point it is comparable to competing homes in the market.

While it is not a complicated process to sell a home as-is in California, it can be a little tricky to determine if it is worth it to repair a home before selling. If you are selling a home that has an outdated kitchen or bathroom and only needs work in this single area, it can be worth the time and effort to update the space yourself. However, a home that needs upgrades across the board may present too large of an undertaking for many homeowners.

Steps To Receive Best Possible Offers For Homes Sold As-Is

There are a number of tips at the disposal of the seller of a home to determine the price they should command when selling a home in as-is condition.

Determine The After Repair Value Of The Home

The first step in the process of valuing your as-is property is to get an idea of what the home will be worth if you took the time to perform the needed repairs. You can use a website online that values properties to find this number quickly.

Estimate what updates and repairs will cost

Do not be intimidated regarding the process of estimating repairs. The number you come up with does not need to be exact. There are also guides both online and off that will help you estimate the cost of individual repairs.

Determine A Fair Price For The Home In As-Is Condition

This is perhaps the most difficult part of the process. It can be an inexact science to estimate the discount a buyer should expect for repairing a home themselves. If light repairs or updates are needed, you can list the home for sale online. If major repairs need to be done to the home, time and money may be saved by contacting a cash home buyer in California.

A point to remember is that a realtor will also turn to a cash home buyer if they are selling a home that needs extensive repairs. You can save the six percent commission that would be owed to the realtor by going straight to the cash home buyer yourself.

Determine If The Cost To Make Repairs Is Worth It

Now it is time to determine if the hassle it would be to repair or update the home yourself is worth it. You should remember to add costs like escrow fees, buyer concessions, inspections and appraisal costs, and any other expenses relating to the sale of the home.

In most areas, these added fees will account for about 8 to 12 percent of the home’s final sales price.

If you decide to provide repairs yourself, make sure the following issues are properly addressed:

  • Fix any holes in the walls or ceilings.
  • Make sure HVAC system and appliances are in working condition.
  • Replace worn or damaged carpets.
  • Fix leaking faucets.
  • Fix damaged windows.
  • Paint walls and doors where needed.
  • Make roof repairs.
  • Replace outdated ceiling fans and light fixtures.

Final Thoughts

It is not always simple to determine if an as-is property sale is in your best interest. However, if you take a moment to consider all pertinent issues, you will come up with the best decision to fit your particular situation.

 

How to Quickly Sell a House You Inherited

If you’ve just inherited a house, it can be a challenge to know what to do next. Not only do you have to carry out the will of the person that’s passed on, but you also have a potential liability on your hands: houses aren’t cheap to run or maintain.

Rather than sitting on a house for a long time, it’s usually best to sell it as fast as possible, grab the cash from the sale, and then use that to meet your expenses or put into a savings pot. But how do you sell a house quick?

Sell To A Home Buying Company

Home buying companies are businesses that are set up with the explicit mission to buy any house from someone wanting to sell. Those who inherit property often use house buying companies because they want to free up cash fast, rather than having to wait months (or sometimes years) for a regular home transaction to go through.

There are all kinds of things that slow the process of selling a home on the regular private market. The most significant barrier is the need to form a chain of buyers or sellers. If one person in the chain changes on their decision to buy, then it can hold up the entire process, forcing everyone to wait for a new buyer.

Cash home buying companies don’t rely on chains at all. Instead, you get what the home buyer thinks your inherited property is worth up front, saving you a lot of time and money.

Sell A Home, No Matter What The Condition

Some people are lucky and inherit properties in perfect condition. All too often, though, inherited properties have issues which need resolving before putting them up for sale on the private market.

For many, this means doing renovation work. But carrying out renovations is a drain on your finances: you’ll have to foot the bill before you receive a single penny for the sale of the property.

Home buying companies, however, aren’t fussy. These firms will buy a house no matter the condition, and give you cash up front according to what they think it’s worth. Even if the property needs extensive renovations, you still win: the home buying company just subtracts the cost of repairs from the price that they offer, meaning that you’re usually no worse off. Plus, you don’t have to deal with any of the hassles of arranging renovation work yourself, saving you time too.

 

Why Choose A Cash Buyer To Sell Your Inherited Property?

Home buying companies are top-rated right now. But why are so many people with inherited properties using them? Let’s take a look.

Allows You To Move On Quickly

Inheritance is a double-edged sword. On the one hand, you get a windfall payout, but on the other, somebody you love has died. Many people who inherit property usually want to make a sale, and get on with the process of grieving. If you’re bereaved, you don’t want to have to deal with legal issues, frustrating buyers, and estate agent fees: it’s just not worth it. When you’re in that emotional state, you want a quick, clinical sale, cash in your bank account, and the capacity to leave the past behind and focus on your future.

Get Cash Fast

Waiting to get money for a property you’ve inherited can be a stressful experience. You might be expecting a large amount of cash for something important – like a child’s education – but if you can’t access it, it’s no use. You need money so that you can convert the inherited assets into spending and investments that are useful to you.

With home buying services, you can often get cash paid into your account in as little as 48 hours. Cash buyers will often want to survey the inherited property to establish an estimated value. Then, they’ll make an offer in cash that you can either accept or decline – the choice is yours.

If you accept the offer, then the cash buyer will take care of many of the responsibilities, including the transfer of the deed. It takes the stress out of the whole process.

Avoid Selling Stress

People like to sell properties on the private market because they believe that they will get a better price (something that’s not always guaranteed). But selling on the open market is a stressful experience. Not only are there a multitude of costs – including estate agent fees – but buyers can pull out at the last minute, putting the brakes on the entire transaction.

Selling to a cash buyer is a stress-free experience. You know how much money you’ll get in advance, and there’s no chance of pulling out. You get the money paid into your account without any fuss or complications; the final amount depending on the condition of your home and the price of similar properties in the immediate area.

Avoid Insurance Issues And Running Costs

Once you’ve inherited a property, you become the legal owner, and all of the responsibility of the house falls on you, including the running costs. Not good. You don’t want to pay ongoing insurance costs, and you certainly don’t want responsibility for all of the possessions in the house. From your perspective, it’s best to move on, transfer the physical assets into cash, and get rid of all the risk.

Avoid Carrying Out Repairs

Finally, when somebody you love has passed on, the last thing you want to do is assess the state of their home and carry out repairs. Many people do this out of a sense of duty or need, but with a cash buyer, you don’t have to: you can sell their house in any condition.

Homes in poor condition deter regular buyers, prompting them to ask for significant discounts off the asking price. Home buying companies, however, are professionals who see the potential in every property and can offer a fair price, no matter what the condition. If you don’t want to carry out repair work, then a cash buyer is the way to go.

Benefits of Using ‘We Buy Houses’ Companies

  We Buy Houses Companies Offer Investors Benefits

Companies that Buy Homes
We Buy Houses

We’re betting that you have spotted the signs all over your town that have been stapled to telephone poles or staked into the ground. They say things like “We Buy Ugly Homes” or “We Buy Any House.” These signs are there to tell you that there are companies willing to purchase your house despite how old or run-down it is. These people are generally investors who keep an eye out for homes that they can buy and flip to make a profit. Many real estate investors are now using house flipping as a lucrative way to up their profits, quickly and easily.

When you are trying to sell your home, you may be interested in hearing what these companies have to say. Unfortunately, house flipping investors may not be the right solution for your particular situation. Before calling and inquiring after one, it is important to learn more about what they do.

Remember, the “we buy any home” company has one major goal in mind- buying homes for as cheaply as possible. Many target desperate homeowners who have been attempting to sell their house for months. They may offer 50% to 70% of how much the actual value of your home is depending on your eagerness to sell. House flipping means that the investor is out to purchase a home for much less than what it is valued at, repair it, and then sell it for a big profit. It is known as a “flip” because it is usually done quickly.

Before you sign away your home to one of these companies, read the pros and cons first.

What are the pros of selling your home to a local house buying company?

1. It’s a lot easier to sell your home

This is especially true when your home needs a lot of work done to it before you can actually make a profit off of it. By choosing a house flipping company you are avoiding the headache of trying to get a good price on a home that needs repairs. It also quickly frees you from owning the home, especially if you are desperate to sell.

2. There is only one decision to make

You only have to decide which house flipping company you will be selling to. You won’t have to worry about how you are going to make repairs, what real estate company to use, and who you want the house to be sold to. The house flipping company will give you an offer and that will be that if you decide to accept it. Since most of the companies pay cash, the closing process is also much easier.

3. You do not have to worry about getting the best real estate agent

With the influx of real estate agents, especially all over social media, finding the best one can be tricky. You don’t want to just hire someone because they have an ad on your local park bench! When you go with a house flipping company, you won’t need to worry about finding a reliable agent.

4. You won’t have to do the “sale by owner” offer

It’s not easy trying to sell your home without a real estate agent. Sure, you may save on the commission, but is the extra hassle worth it? In order to sell a home on your own, you will need to take your own excellent pictures, market your home online, be available for showings at times that may not be convenient to you, and deal with the actual financing part yourself. Selling your home to a flipping company avoids this whole ordeal.

5. Your home is likely to sell no matter what

If your home has deteriorated over the years, selling it yourself or through a real estate agent is going to be hard. You may even be living in a house that is nearly uninhabitable. A company that buys houses like Seller’s Advantage will not care about how poorly kept up your home is. They will likely offer you money for the house, even if it isn’t very much. They may even be after the lot the home is sitting on and not the house itself. If the house itself is in terrible shape, it is often more lucrative for the buyer to tear it down and rebuild.

8 Ways That an Agent-Brokered Home Sale Can Suddenly Go Downhill

In an ideal world, every real estate agent would be like a Fairy Godmother of home selling. Their industry expertise would take care of every hurdle, from repairs and staging to finding the perfect new family that is eager to buy your house. But in the real world, things aren’t always so easy or nice.

As someone motivated to sell a particular house, you are expected to trust your real estate agent completely. They are supposed to guide you through the complicated and obstacle-ridden path to a successful sale. They are supposed to fully grasp the logistical, legal, and marketing requirements to complete the sale and. And part of the reason you pay them a portion of the profit is because a real estate agent, supposedly, can save you from the headaches and setbacks of trying to handle the process on your own.

But it doesn’t always go as smoothly as we’d hope. Sometimes, your luck just turns and your agent did their level best to help. And sometimes the agent themselves fails to come through. But they still want their commission whether the sale was easier or harder with their help.

Today, we’re here to talk about some of the most common ways that a home sale can go downhill, even when a professional real estate agent is supposedly arranging everything for success.

Buyers Can’t Back Their Bid

By far the most common reason that a home sale falls through is inexperienced buyers combined with less-than-thorough real estate agents. Remember there are two agents involved in every sale, and technically both of them should ensure that a buyer is financially capable of completing a home purchase before entering the negotiation stage. But it often gets missed.

First-time buyers usually don’t fully understand how the finances work when buying a house, and will make a bid based on what they think their personal finances can afford. However, if they have not had this amount pre-qualified recently buy an available bank, then their bid means nothing. Some sellers see months wasted to negotiating with a buyer who, in the end, can’t get a bank to actually provide the mortgage to them. So the sale falls through and your back marketing for potential buyers again.

Competitive Bidding vs Bank Appraisal

But even if a bank has pre-qualified a home purchase within the buyer’s bid range, the bank might not actually approve the purchase of your house. Why? Because they only back mortgages for homes they feel are worth the buying amount. Before approving the mortgage, the bank will likely send an appraiser, someone who estimates what your house is really worth, not just what your buyer is willing to pay.

If the appraiser decides that the house is not worth the amount of the mortgage, the bank won’t feel that ‘owning’ the house is reasonable collateral for the amount of money they are putting up. And, in effect, the buyer will be denied a mortgage and your sale will fall through.

Buyers Back Out After the Inspection

A home bid with an inspection contingency is a lot like a job offer with a reference-check contingency. It’s like saying “I like everything about this house and will take up your time with negotiations and final-sale preparations. But if my inspector sees a spider, I’m out.”

In other words, inspection contingencies have a huge potential to waste your time. If you are going to sell through the usual channels, your real estate agent needs to make sure that buyers get their inspection before negotiations even start. If they fail to enact this step and inspection becomes a sale contingency in the contract, this is a great way to waste months and see a sale fall through when a known maintenance issue is ‘discovered’.

Simple Cold Feet

And some buyers just plain back out of a deal. This is often known as cold feet, or buyer’s remorse. Most home sale deals allow buyers to back out within the first week or two after the final papers are signed. This is to ensure that if there really are shady issues that are revealed or their finances suddenly take a turn for the worse, that buyers are not trapped in a purchase that will financially ruin them.

However, most of the time when buyers back out, the reason is just emotional. It turns out, after a month or more of negotiations and financial preparation, that they’re not really ready to commit. A good real estate agent can save you from this wishy-washy kind of sale failure, but it takes a real expert to predict when seemingly good buyers are going to bail at the last minute.

Home Sale Contingency

Another really serious problem with home sales, even ones that seem to be a sure thing, is the buyer’s home sale contingency. It’s not uncommon for people to plan on buying a house with the profits of the house they’re about to sell. This is a complicated financial and logistical maneuver and, in theory, it’s not a bad idea.

But no good real estate agent is going to put a home sale contingency into your selling contract. What this means is that no matter how motivated and ready the buyers are, they won’t be buying until their seller’s agent gets their home sold. So your entire process is now held up on someone else’s dubiously successful home sale. And you can’t even find new faster buyer because now you’re contractually bound to wait.

Negotiations Keep Falling Through

With a truly bad real estate agent (and there are a few out there) you may not even reach the contract phase for things to fall through at the last minute. Some agents can’t even get through the negotiation phase where everyone agrees on a price, terms, and a few reasonable contingencies.

You know you’re in a bad spot if your selling process keeps getting to the negotiation phase and falling through because you may never actually see closing documentation at all.

Property Title Complications

And even if you get to the closing paperwork with banks on board and everyone ready to sign, things can still go wrong! If your agent hasn’t done their job, there could be unknown liens or other restrictions on the property itself. Your agent should have either checked the title status for you or walked you through the process of doing it yourself

Title complications are especially common when you inherit a house that you didn’t buy and haven’t been managing financially. So it’s easy to officially own a house that also has liens on it that you had no idea about. Interestingly, buyers can also be stopped by this phase in the process. If they have outstanding debts or court orders that put liens on their finances and prevent the completion of the sale. Which their agent should have known about.

Real Estate Agent Wants a Bigger Cut

Finally, even if a sale goes all the way through, it might not be as profitable as you’ve been hoping for. Traditionally, your seller’s agent will want about 5% of the final selling price as their commission for helping. And if they really have facilitated a fast, profitable sale, most sellers don’t mind paying the cut. But 5% isn’t mandated by any agent or broker regulations, it’s just standard.

There is always a possibility that your agent will ask for even more than the traditional cut, even if they weren’t helpful and allowed obstacles to cause problems at every turn. You might even find that that bigger cut has been in their contract the entire time, unmentioned in small print, to catch you at exactly this moment.

Selling a house through the usual agent-run channels is not always the best choice for a homeowner eager to get a house off their hands. Especially if you don’t want to invest in repairing, repainting, and staging the house the way real estate agents usually recommend.

If you really just want to get an unwanted house sold with no delays, hassles, or unexpected fall-throughs then we have the answer for you. Here at Seller’s Advantage, we will be happy to buy that troublesome house quickly and for cash. No drama over mortgage approvals, no buyers with cold feet. And you won’t have to pay utilities or property tax for every month it sits on the market.

For a no-obligation inspection and consultation on the house you want to sell, contact us today! We’re ready to check out your house and give you a cash offer. No setbacks. No problem.

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Seller’s Advantage is a BBB Accredited Business with an A+ Rating and has been in business for over 12 years.  We've purchased more than 10,000 properties from homeowners just like you!

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